Edge, FYI
Regards,
Tom
TABLE - TriTeal Corp (TEAL) Q4 loss
CARLSBAD, Calif., July 3 (Reuters) -
TRITEAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(Unaudited)
ASSETS
Mar 31, Mar 31,
1998 1997
(Restated)
Current assets:
Cash and cash equivalents$4,555,682 $11,614,707
Short-term investments 22,635,892 31,248,987
Accounts receivable, net 287,205 1,154,035
Prepaid expenses and other
current assets 1,005,125 2,183,112
Total current assets 28,483,904 46,200,841
Property and equipment, net1,600,670 1,561,609
Other assets, net 44,997 330,622
Total assets 30,129,571 48,093,072
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable 1,372,099 1,507,250
Accrued liabilities 3,298,509 3,707,426
Deferred revenues 2,447,836 1,717,132
Total current liabilities7,118,444 6,931,808
Stockholders' equity:
Common Stock 11,381 10,769
Additional paid-in capital55,325,462 54,861,983
Notes receivable from
stockholders (75,667) (96,667)
Deferred compensation (48,700) (100,300)
Accumulated deficit (32,201,349) (13,514,521)
Total stockholders'
equity 23,011,127 41,161,264
Total liabilities and
stockholders' equity 30,129,571 48,093,072
TRITEAL CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended March 31, Year Ended March 31,
1998 1997 1998 1997
(Restated) (Restated)
Revenues:
License fees 130,683 $673,620 $1,726,303 $6,584,960
Maintenance and services
495,326 609,374 2,022,995 1,885,903
Total revenues 626,009 1,282,994 3,749,298 8,470,863
Cost of revenues: Cost of license fees
108,041 162,171 735,472 1,188,597
Cost of maintenance and
services 397,340 227,805 1,304,095 675,871
Total cost of revenues
505,381 389,976 2,039,567 1,864,468
Gross profit 120,628 893,018 1,709,731 6,606,395
Operating expenses: Research and development
1,316,791 820,170 4,883,257 2,407,623
Selling, general and administrative
4,270,517 4,103,311 17,336,501 12,796,099
Total operating expenses
5,587,308 4,923,481 22,219,758 15,203,722
Operating loss
(5,466,680)(4,030,463)(20,510,027) (8,597,327)
Interest income, net
355,688 407,029 1,823,199 901,284
Loss before income taxes
(5,110,992)(3,623,434)(18,686,828) (7,696,043)
Income tax expense - - - -
Net loss (5,110,992) (3,623,434) (18,686,828) (7,696,043)
Net loss per share,
basic and diluted (0.45) (0.37) (1.69) (0.94)
Shares used in computing net loss per share
11,352,152 9,839,879 11,058,233 8,226,108 |
